IBKS No. 15 Special Purpose Acquisition Co. Ltd.
Xplus Inc. manufactures and sells mobile IT device accessories in South Korea and internationally. The company offers covers, wireless chargers, earphone cases, etc. Xplus Inc. was founded in 2005 and is headquartered in Seoul, South Korea.
IBKS No. 15 Special Purpose Acquisition Co. Ltd. (373200) - Net Assets
Latest net assets as of September 2025: ₩15.69 Billion KRW
Based on the latest financial reports, IBKS No. 15 Special Purpose Acquisition Co. Ltd. (373200) has net assets worth ₩15.69 Billion KRW as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩61.98 Billion) and total liabilities (₩46.29 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩15.69 Billion |
| % of Total Assets | 25.32% |
| Annual Growth Rate | 124.72% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 627.13 |
IBKS No. 15 Special Purpose Acquisition Co. Ltd. - Net Assets Trend (2020–2024)
This chart illustrates how IBKS No. 15 Special Purpose Acquisition Co. Ltd.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for IBKS No. 15 Special Purpose Acquisition Co. Ltd. (2020–2024)
The table below shows the annual net assets of IBKS No. 15 Special Purpose Acquisition Co. Ltd. from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩10.55 Billion | +110.33% |
| 2023-12-31 | ₩5.01 Billion | -65.45% |
| 2022-12-31 | ₩14.51 Billion | +120.27% |
| 2021-12-31 | ₩6.59 Billion | +1493.25% |
| 2020-12-31 | ₩413.55 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to IBKS No. 15 Special Purpose Acquisition Co. Ltd.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 895848665000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ₩8.97 Billion | 85.08% |
| Other Components | ₩10.54 Billion | 99.98% |
| Total Equity | ₩10.55 Billion | 100.00% |
IBKS No. 15 Special Purpose Acquisition Co. Ltd. Competitors by Market Cap
The table below lists competitors of IBKS No. 15 Special Purpose Acquisition Co. Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Saraswanti Anugerah Makmur Pt
JK:SAMF
|
$32.79 Million |
|
Adda Corporation
TWO:3071
|
$32.80 Million |
|
Nordwest Handel AG
F:NWX
|
$32.80 Million |
|
Sportking India Limited
NSE:SPORTKING
|
$32.83 Million |
|
Berentzen Gruppe AG
XETRA:BEZ
|
$32.79 Million |
|
Farmsco
KO:036580
|
$32.77 Million |
|
Cellid Co. Ltd
KQ:299660
|
$32.77 Million |
|
Chuong Duong Corp
VN:CDC
|
$32.77 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in IBKS No. 15 Special Purpose Acquisition Co. Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,014,599,330 to 10,547,147,220, a change of 5,532,547,890 (110.3%).
- Net loss of 2,111,265,610 reduced equity.
- Share repurchases of 4,999,999,930 reduced equity.
- New share issuances of 4,999,999,930 increased equity.
- Other factors increased equity by 7,643,813,500.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-2.11 Billion | -20.02% |
| Share Repurchases | ₩5.00 Billion | -47.41% |
| Share Issuances | ₩5.00 Billion | +47.41% |
| Other Changes | ₩7.64 Billion | +72.47% |
| Total Change | ₩- | 110.33% |
Book Value vs Market Value Analysis
This analysis compares IBKS No. 15 Special Purpose Acquisition Co. Ltd.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 6.72x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | ₩117.49 | ₩790.00 | x |
| 2021-12-31 | ₩1872.27 | ₩790.00 | x |
| 2022-12-31 | ₩766.83 | ₩790.00 | x |
| 2023-12-31 | ₩66.24 | ₩790.00 | x |
| 2024-12-31 | ₩117.54 | ₩790.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently IBKS No. 15 Special Purpose Acquisition Co. Ltd. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -20.02%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -20.25%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 2.40x
- Recent ROE (-20.02%) is above the historical average (-45.13%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -2.97% | 0.00% | 0.00x | 3.83x | ₩-53.65 Million |
| 2021 | -0.97% | -0.45% | 1.81x | 1.18x | ₩-722.53 Million |
| 2022 | -31.12% | -28.31% | 0.55x | 2.01x | ₩-5.97 Billion |
| 2023 | -170.55% | -87.48% | 0.30x | 6.56x | ₩-9.05 Billion |
| 2024 | -20.02% | -20.25% | 0.41x | 2.40x | ₩-3.17 Billion |
Industry Comparison
This section compares IBKS No. 15 Special Purpose Acquisition Co. Ltd.'s net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $45,786,090,292
- Average return on equity (ROE) among peers: -4.42%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| IBKS No. 15 Special Purpose Acquisition Co. Ltd. (373200) | ₩15.69 Billion | -2.97% | 2.95x | $32.79 Million |
| Douzone Bizon Co Ltd (012510) | $82.16 Billion | 20.47% | 1.34x | $1.46 Billion |
| NuriFlex Co.Ltd (040160) | $60.32 Billion | 2.29% | 0.53x | $46.47 Million |
| Raonsecure Co. Ltd (042510) | $50.48 Billion | 7.96% | 0.42x | $39.59 Million |
| Osangjaiel Co. Ltd (053980) | $35.39 Billion | 4.33% | 0.74x | $26.27 Million |
| Emro Inc. (058970) | $11.53 Billion | 8.73% | 1.15x | $159.67 Million |
| LONGTU KOREA Inc (060240) | $3.59 Billion | 0.00% | 5.53x | $3.02 Million |
| Younglimwon Soft Lab Co. Ltd. (060850) | $4.11 Billion | -86.33% | 4.58x | $23.73 Million |
| Gemvaxlink Co. Ltd (064800) | $169.44 Billion | -11.42% | 0.21x | $44.93 Million |
| 088340 (088340) | $8.99 Billion | 9.77% | 1.57x | $20.38 Million |
| Mobileleader Co.Ltd (100030) | $31.85 Billion | 0.00% | 0.11x | $19.75 Million |